Easing oil prices prompt FTSE slump

A fall in the cost of oil from its recent record highs helped take the steam out of the FTSE 100 Index today.

Easing oil prices prompt FTSE slump
Thu, 18 Aug, 2005 - 12:38

A fall in the cost of oil from its recent record highs helped take the steam out of the FTSE 100 Index today.

Heavyweight oil stocks BP and Royal Dutch Shell both lost around 2% of their market value, contributing to the Footsie falling 21.4 points to 5271.3 by mid-morning.

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CourtsBusinessHeathrowPlace: United StatesPlace: HalifaxOrganisation: FTSEOrganisation: BPOrganisation: Royal Dutch ShellOrganisation: FootsieOrganisation: ShellOrganisation: Royal Bank of ScotlandOrganisation: RBSOrganisation: Bank of ChinaOrganisation: Bank of ScotlandOrganisation: HBOSOrganisation: HSBCOrganisation: BarclaysOrganisation: Old MutualOrganisation: Weir
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